08.23.2010 0

Recovery Summer and Stimulus: California

To kick off the Recovery Summer and Stimulus: State by State, we begin in California.

Quick California facts:

  • The unemployment rate in California was 9.7%in January of 2009. As of June 30, 2010, the unemployment rate is 12.3%–an increase of +2.6%! (Source: Bureau of Labor Statistics)
  • According to Recovery.gov, California has received 18,332 rewards. This has resulted in a whopping $23,535,813,959 being spent for the creation of 76,436.91* jobs. (Source: Recovery.gov)
  • The number of people employed in California in January of 2009 was 16,584,526. The number of people employed on June 30, 2010 was 16,069,388–a net loss of 516,138 jobs. (Source: Bureau of Labor Statistics)
  • According to the Recovery Summer map, California boasts a whopping 6 “Recovery Summer” projects!
  • Since January of 2009, the labor force has shrunk by 49,212 people! (Source: Bureau of Labor Statistics)
  • The Obama administration projected that 396,000 jobs would be created in California through December of 2010. To date, the state has a net loss of 526,000 jobs. (Source: Ways & Means Republicans)

While the employment trend in California saw an upward trend beginning at the start of 2010, that trend has disappeared, and California is now heading downwards, yet again (Source, Bureau of Labor Statistics)

Meanwhile, California is facing fiscal dire straits. According to Financial Times, the state faces issuing IOU’s to state employees:

California will be forced to issue IOUs to public workers and other creditors in lieu of cash in the next two months if a budget deadlock cannot be broken, the state’s financial controller has warned.

Has the Recovery Act done anything for California? No.

Has “Recovery Summer” done anything for California? No.

For a state that gave all of its electoral votes to Obama and is home to the Speaker of the House of Representatives, one should expect much more than has been seen. The reality is stark. The Big Government programs that were designed to save the economy have had a negative effect on this state.

Read more on Recovery Summer and the Stimulus Effects on States.

*: The number of jobs created/saved conflicts with other government sources on Recovery.gov. This number was pulled from the latest figured offered on Recovery.gov.

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